"CMIA has over the years provided thought-provoking ideas in the policy debate on the European Emissions Trading System. CMIA’s contribution to the debate was always focused on keeping the system business friendly as well as environmentally ambitious."

Mr. Franz-Josef Schafhausen, former Director General Climate Change, European and International Affairs, Federal German Ministry of the Environment, Nature Conservation, Building and Nuclear Safety

I4C: New Climate Finance Architecture: Learning from the Past to Achieve Deep Transformation

20190607

CMIA Member Speaker/Panelists: The World Bank Group and European Bank for Reconstruction and Development (EBRD) – Margaret-Ann Splawn will be a panelist

When: Friday 7th June, 12:00PM – 01:00PM

Venue: Simpor Jr 4911

 

Description of the session: 

The existing global climate finance architecture has been a key contributor to tackling climate challenges, but new, transformational approaches are needed to limit global warming to 1.5°C. Major investments – both public and private – are required to transition the global economy to a low-carbon, resilient path, consistent with the Paris Agreement. With the urgent need to scale climate action, the context in which climate finance is raised and spent is changing in important ways. As we seek to shape the climate finance architecture of the future, it is essential to look back at past experiences and lessons learned. This workshop will explore the current climate finance architecture and its ability to meet the broad range of climate finance needs as well as how effectiveness of climate finance programming could be enhanced, through levers including programmatic approaches, financial sector reforms, fiscal and sectoral policy reforms, technological innovation, and next generation carbon markets.

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